2012-11-29 16:15:32 -
A number of stocks were upgraded and downgraded by equities research analysts
today, as reported by Analyst Ratings Network ( bit.ly/equitybriefdaily)
and Equity Brief:
Caris & Co. downgraded shares of Guess Inc (GES) from an above average rating to
an average rating. Their analysts now have a $28.00 price target on the stock,
down previously from $33.00.
RBC Capital downgraded shares of CGI Group Inc (GIB) from an outperform rating
to a sector perform rating.
Lazard raised its price target on shares of Green Mountain Coffee Roasters Inc.
(GMCR) from $39.00 to $42.00. They have a buy rating on the stock.
Canaccord Genuity upgraded shares of Randgold Resources Ltd. (GOLD) from a hold
rating to a buy rating.
Oracle Research upgraded shares of Google Inc. (GOOG) from a hold rating to a
buy
rating. Oracle Research now has a $760.00 price target on the stock.
Stephens upgraded shares of Hercules Offshore, Inc. (HERO) from an equal weight
rating to an overweight rating. Stephens now has a $6.00 price target on the
stock, up previously from $5.00.
Wells Fargo & Co. upgraded shares of InterActiveCorp (IACI) from a market
perform rating to an outperform rating.
UBS AG initiated coverage on shares of Jazz Pharmaceuticals, Inc. (JAZZ). They
issued a buy rating on the stock and set a $64.00 price target.
Zacks reiterated its neutral rating on shares of JDS Uniphase Co. (JDSU). They
have a $12.00 price target on the stock. Zacks' analyst wrote, "JDS Uniphase
posted mixed financial results for the first quarter of fiscal 2013. Although
the revenue fell below the Zacks Consensus Estimate, net income topped the same.
The newly launched products accounted for 57% of its total revenue in core
network market. However, overall book-to-bill ratio remains less than 1.0
throughout the quarter. We remain concerned regarding delay in carrier order due
to a volatile global macro-economy. Consolidation trend in the optical gear
manufacturing industry as well as in the telecom carrier industry may act as a
spoiler for the optical component suppliers, such as JDS Uniphase. Nevertheless,
its newly launched differentiated products, which are gaining encouraging market
traction coupled with acquisitions of Dyaptive and GenComm may become long-term
positives for the company. We believe JDS Uniphase is currently fairly valued
and thus reaffirm our Neutral recommendation. "
Stay on top of analysts' coverage with Analyst Ratings Network's free daily
email newsletter that provides a concise list of analysts' upgrades, downgrades
and initiations. Register at
bit.ly/equitybriefdaily
Content and Media Contact:
newseditor@equitybrief.net
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Equity Brief via Thomson Reuters ONE
[HUG#1661502]
